Transform Your Home with Renfi Renovation Loans in Canada, Fast Online Funds up to $150,000 for Major Renos
Renfi renovation loans in Canada: get up to $150,000 with a simple online application, quick pre-approval and funds in as little as three business days for major home renos
What a Renfi renovation loan delivers for Canadian homeowners
Renfi renovation loans in Canada are built for homeowners who need fast, flexible financing for big home projects. With borrowing limits from $15,000 up to $150,000, the Renfi renovation loan is ideal for kitchen gut jobs, full bathroom remodels, or major exterior upgrades that increase your home’s value. The product is tailored to the Canadian market, so eligibility and documents reflect local norms like SIN verification and Ontario, BC or Quebec residency requirements.
The Renfi renovation loan uses your home equity as collateral, so it’s important to weigh benefits against risk. Still, the convenience of a targeted renovation loan—no sites visits or lengthy mortgage statements—makes Renfi a solid option when you want to move quickly on reno plans and maximize return on investment.
Fast, fully online approval and funds in days
One of the biggest draws of the Renfi renovation loan is speed: a three-minute online application, pre-approval often within an hour, and funds in as little as three business days once income and ID are verified. Renfi uses secure income verification tools like Inverite and operates a straightforward online portal, so Canadians across provinces can apply without setting foot in a branch.
This fast turnaround is perfect when contractors need deposits or when seasonal projects must start on schedule. Make sure your bank details, direct deposit and online banking are up to date—these are standard requirements for Renfi renovation loans in Canada to keep disbursements smooth and on time.
Costs, terms and what to watch for
Renfi charges a monthly interest rate roughly equivalent to 1% per month during the 12-month term, meaning a $50,000 Renfi renovation loan would cost about $500 in interest each month before refinancing. You’ll need a plan for refinancing after the initial 12 months—either with Renfi or your first mortgage lender—so factor those options into your budget.
There are also additional costs to consider: legal fees for registering the loan, possible appraisal or closing fees, and the risk that your home is used as collateral. Always request a clear fee breakdown and read the contract carefully so the Renfi renovation loan fits your financial plan without surprises.
How to apply and who qualifies
Applying for a Renfi renovation loan in Canada is straightforward: visit Renfi’s online portal, select your renovation type, enter the desired amount and contractor details, then complete identity and income verification. The process suits employed Canadians with established home equity, active bank accounts and the ability to accept electronic communications and deposits.
If you meet basic eligibility—age of majority in your province, proof of income, home equity and online banking—you can get tailored quotes and quick pre-approval. For peace of mind, speak with a Renfi loan specialist to clarify refinance strategies, timelines and how the loan integrates with your overall mortgage and renovation budget.
